"There is no means of avoiding the final collapse of a
boom brought about by credit (debt) expansion. The alternative is only
whether the crisis should come sooner as the result of a voluntary
abandonment of further credit (debt) expansion, or later as a final and
total catastrophe of the currency system involved." - Ludwig von Mises
Great Interview on The Mises View Judge Andrew P.
Napolitano packs a lot of hard facts and truth about the
destructiveness of the national debt.
Family Dollar to Close Stores as Shoppers
Looks like a great economic
recovery, how can one believe government stats any more?
NEW YORK April 10, 2014 (AP) By ANNE D’INNOCENZIO AP Retail
Dollar stores are feeling the pinch from mounting financial
pressures on low-income shoppers.
Family Dollar said Thursday that will cut jobs and close about
370 underperforming stores as it tries to reverse sagging sales and
earnings. The discount store operator will also permanently lower
prices on about 1,000 basic items.
Family Dollar Inc., which operates 8,100 stores, did not provide
details on how many jobs it would cut.
The retail chain follows competitors in highlighting the split
between shoppers who are enjoying an improving economy and those
being left behind.
Dollar General, the nation’s largest dollar-store chain with
about 11,100 locations, offered a weak profit outlook last month
after reporting weak fourth-quarter sales. And Dollar Tree, which
operates nearly 5,000 locations, missed profit expectations for the
holiday quarter in February.
Family Dollar has stumbled even more than its rivals because it
has made mistakes in pricing, merchandising and the locations of its
stores, analysts say. Still, the industry’s problems are a big
departure from a few years ago, when Family Dollar and other chains
packed in customers and expanded rapidly by catering to
cash-strapped people during the Great Recession.
Soaring Food Inflation Full Frontal: Beef, Pork And
Shrimp Prices Soar To Record Highs
noted that both beef and pork (courtesy of the affectionately
Porcine Epidemic Diarrhea virus) prices have been reaching new
all time highs on an almost daily basis. It is time to update the
chart. Below we show what a world in which the Fed is constantly
lamenting the lack of inflation looks like for beef prices…
Prices for shrimp have jumped to a 14-year high in recent months,
spurred by a disease that’s ravaging the crustacean’s population. At
Noodles & Co., a chain with locations across the country, it costs
29 percent more to add the shellfish to pastas this year, and
shrimp-heavy dishes at places like the Cheesecake Factory Inc. are
going up as well.
Restaurant chains, already struggling with shaky U.S.
consumer confidence, are taking a profit hit as prices climb. Even
worse, the surge is happening during the season of Lent, when
eateries rely on seafood to lure Christian diners who abstain from
chicken, beef and pork on certain days.
“It’s coming at a tough time for the industry,” said Andrew
Barish, a San Francisco-based analyst at Jefferies LLC. “With the
Lenten season, what you’ll see out there is a lot of promotions with
seafood, and usually shrimp is a big part of that.”
In March, shrimp prices jumped 61 percent from a year earlier,
according to the U.S. Bureau of Labor Statistics. The climb is
mainly due to a bacterial disease known as early mortality syndrome.
While the ailment has no effect on humans, it’s wreaking havoc on
young shrimp farmed in Southeast Asia, shrinking supplies.
James Johnson, a Jewel-Osco supermarket shopper in Chicago, has
noticed the price increase. He’s been cutting back on one of his
favorite dishes — shrimp and potato soup — because of the cost.
“I haven’t made it in a while,” the 29-year-old said.
“Shrimp looks expensive.”
At Noodles, it now costs $3.34 to add the shellfish to a meal of
pasta or pad thai, compared with $2.59 last year.
“We still want to at least offer it as choice,” Chief Executive
Officer Kevin Reddy said in a phone interview. “As soon as
the costs begin to normalize, we’ll return to the regular price.”
Electricity Price Surged to All-Time Record for
Again how can this be ?, the government says there is
minimal inflation.- Gary
(CNSNews.com) – The average price for a kilowatthour (KWH) of
electricity hit a March record of 13.5 cents, according data
released yesterday by the Bureau of Labor Statistics. That was up
about 5.5 percent from 12.8 cents per KWH in March 2013.The relative
price of electricity in the United States tends to rise in spring,
peak in summer, and decline in fall. Last year, after the price of a
KWH averaged 12.8 cents in March, it rose to an all-time high of
13.7 cents in June, July, August and September.If the prevailing
trend holds, the average price of a KWH would hit a new record this
The BLS’s seasonally adjusted electricity price index rose to
209.341 this March, the highest it has ever been, up 10.537
points—or 5.3 percent–from 198.804 in March 2013.
In its press release on the Consumer Price Index, BLS noted that
the overall energy index declined in March, driven by declining
gasoline and fuel oil indexes, despite increases in natural gas and
”The energy index fell 0.1 percent in March after a 0.5 percent
decline in February,” said BLS. “The gasoline index declined 1.7
percent in March, the same decline as in February. (Before seasonal
adjustment, gasoline prices rose 5.1 percent in March).
“The fuel oil index also declined, falling 2.9 percent after
rising 4.1 percent the previous month,” said BLS. “In contrast, the
index for natural gas rose sharply, increasing 7.5 percent, its
largest one-month increase since October 2005. It has increased 15.3
percent over the last three months.
“The electricity index also increased, rising 1.1 percent,” said
BLS. ”Over the last 12 months, the energy index has increased 0.4
percent, with the natural gas index rising 16.4 percent, the
electricity index increasing 5.3 percent, and the fuel oil index
advancing 2.1 percent. These increases more than offset a 4.7
percent decline in the gasoline index.”
know why this would not be plastered all over the Internet to scare
the hell out of the U.S. population and wake them up, "worse than
Greece". A chart passed along to the Weekly Standard from Senator
Sessions office, ranking budget committee member.
RNG Real News
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